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New industrial city to be built in Riyadh

Dr Raeyed Al-Dakheel, CEO of Saudi-based Mawten Real Estate has announced plans to build a SR1.1bn ($293m) industrial city in Riyadh, Arab News has reported. The new Industrial Gate City is to be built on an area of 6.5 million sq m close to the present industrial city in the capital. It is to be a multi-use industrial city built according to the specification of the Saudi Industrial Property Authority, he said.